3rd Quarter GDP Now Forecast Ticks Down to 1.4%
The Atlanta Fed GDPNow Forecast model ticked slightly lower today following
recent economic reports.
The GDPNow model forecast for real GDP growth (seasonally adjusted annual
rate) in the third quarter of 2015 is 1.4 percent on September 24, down
slightly from 1.5 percent on September 17. The decline occurred on Monday
when the model's forecast for third-quarter real residential investment
growth fell in response to the existing home sales release from the National
Association of Realtors.
